Tao Jian Group spent HK$ 965.438 billion to purchase some floors of the Overseas Trust Bank Building.

Tao Jian Group Co., Ltd. announced on October 8, 65438 that on the same day, Tao Jian Real Estate (Hong Kong), a wholly-owned subsidiary of the company, entered into an overseas trust acquisition agreement with Hallgain Investments, a wholly-owned subsidiary of Hallgain, to acquire all the issued share capital of Above Top, with an acquisition consideration of about HK$ 9,654,380+million.

The new media learned that Above Top is the sole owner of other target companies, namely buppy Keen, Cityhme Award and Zhan Feng. These other target companies hold overseas trust property.

According to the announcement, the above-mentioned overseas trust properties include the 9th floor, 10 floor,1floor, 12A floor, 14 floor, 120 1. Overseas Trust Bank Building is located at Gloucester Road 160, Hong Kong. The total floor area of overseas trust properties is about 44,062 square feet, and the average cost per square foot is about HK$ 20,647.

In addition, the unaudited consolidated net assets of the six target companies owned by Above Top at 20 18 12 3 1 are about HK$ 850 million.

At present, Tao Jian Group has held the 5th, 6th, 7th, 23rd, 26th and 27th floors of the Overseas Trust Bank Building.

Tao Jian Group said that it has been looking for high-quality properties for acquisition, so as to expand the property portfolio and enhance the Group's ability to collect rental income. In view of the high share of overseas trust properties, the Board of Directors believes that the acquisition of overseas trusts is in line with the Group's business strategy and strengthens the Group's property portfolio.